Warren Buffett on why Berkshire is not in life insurance business | BRK 1999【C:W.B Ep.153】

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In this episode, Warren Buffett was asked on why Berkshire invested in the property and casualty and reinsurance business but avoiding the life insurance business?

Video Transcript & YAPSS Takeaway:
This speech is given by Warren Buffett & Charlie Munger at Berkshire Hathaway Annual General Meeting on May 3, 1999.

YAPSS Playlist – Collection: Warren Buffett:

#YAPSS #WarrenBuffett #CharlieMunger #BerkshireHathaway
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I was able to listen to a dress rehearsal of a summary report at a local convention that seemed scary to me. Talk of making sure to execute on Halloween for a bountiful Christmas left me worried about what was meant by that statement.

"And what happened to the Thanksgiving message?" I thought, so I composed an audio statement to address the problem of being sure of an execution before it happened and called it: 'Letters of Fibre by Firelight', and still the message wasn't clear, so I revised it to say: ‘To make Sure, be Sure’.

But after sleeping on the problem, I woke to compose yet another statement I called, 'The Tombs', and realized that when 'To make Sure, be Sure' followed it in the queue, the juxtaposition could be considered a threat to a friend by another name, which like threats to our own names, we all hope to be free from.

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